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Showing 21 - 30 of 46 results for "GDP growth forecast"

Chief economist update: Oil market slides from bull to bear

BENJAMIN ONG  |  FRIDAY, 7 JUN 2019
Crude oil prices have dropped, turning this year's bull market into a bear market. Oil prices rallied nearly 50% from January to April this year on the back of the Fed's pause; China's stimulus measures and expectations of continued easy ...

Chief economist update: The Budget surplus can wait

BENJAMIN ONG  |  THURSDAY, 6 JUN 2019
"Anything that could go wrong will go wrong." - Murphy's law. It seems like it for us, Australians all. The latest (although dated) GDP growth figures showed that domestic economic growth slowed to its slowest pace in a decade (in the midst of the ...

Chief economist update: AUD misdirection

BENJAMIN ONG  |  MONDAY, 15 APR 2019
... International Monetary Fund's (IMF) 'World Economic Outlook, April' report where it shaved its world GDP growth forecast to 3.3% this year - down from the 3.5% rate predicted in January 2019 and 3.7% forecast in October 2018. The IMF "projects ...

Chief economist update: UK economy slows on Brexit woes

BENJAMIN ONG  |  TUESDAY, 12 FEB 2019
... the greater effects from Brexit uncertainties at home." It prompted the British central bank to lower its GDP growth forecast to 1.2% this year (from the previous estimate if 1.7%). In addition, the BOE said: "CPI inflation fell to 2.1% in December and ...

Chief economist update: ECB bids farewell to QE

BENJAMIN ONG  |  FRIDAY, 14 DEC 2018
The European Central Bank (ECB) delivered on its promise. While it kept interest rates unchanged - repo rate at 0%; deposit facility rate at -0.4%; marginal lending facility rate at 0.25% - at its December 13 Governing Council meeting, it also confirmed ...

Chief economist update: Predictions allude to frozen RBA

BENJAMIN ONG  |  THURSDAY, 22 NOV 2018
In a way, you know, I know, the world knows already about the case of the slowdown in global growth. The Organisations for Economic Development and Cooperation's (OECD) recently-released the OECD Economic Outlook and Interim Economic Outlook report ...

Chief economist update: Chinese dragon now a bear

BENJAMIN ONG  |  WEDNESDAY, 27 JUN 2018
What happens when an unstoppable force meets an immovable object? If we're talking about the US and China, it appears that the answer is that the immovable object (China) drops. China's Shanghai Composite index dropped to 2844.51 points from ...

Chief economist update: BOE fails market expectations

BENJAMIN ONG  |  FRIDAY, 11 MAY 2018
... drag on growth, it is not intensifying. This has allowed the British central bank to largely maintain its GDP growth forecast of around 1.75%. But above-target inflation, rather than slowing growth is the BOE's more pressing problem. The slowing trend ...

Chief economist update: Bond sell bomb shell

BENJAMIN ONG  |  THURSDAY, 11 JAN 2018
Bill Gross - known as the "king of bonds" - has recently dropped a bombshell, or in this case, a bond sell. The Financial Times reports that: "The Janus Henderson manager said the $2.2bn Global Unconstrained Bond Fund has taken a short position on Treasuries ...

Japanese sun rises

BENJAMIN ONG  |  TUESDAY, 17 OCT 2017
"Here comes the sun, here comes the sun, And I say it's all right..." - The Beatles The rally that propelled the Nikkei-225 index to its highest level last week lingers. On 11 October, Japan's benchmark equity market index rose by a mere 0.28% but its ...